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THE CONSTRUCTION OF Dublin’s tallest office building at Point Square in the Docklands has moved a step closer.
Joint receivers Stephen Tennant and Paul McCann of Grant Thornton have today announced a tender has been issued for the appointment of a building contractor.
At 73 metres high, The Exo will be Dublin’s tallest commercial office building and could accommodate up to 2,000 workers.
Some 350 jobs are expected to be created during the construction phase which will take approximately two years at a cost of €70 million.
The building was designed by Irish firm Shay Cleary Architects.
Tennant said Grant Thornton’s priority is to secure a contractor “who can deliver a quality scheme on time and on budget”.
Real estate agents Savills and CBRE are looking for pre-letting agreements with tenants, with a quoting rent of €47.50 per square foot.
Strategic Development Zone
Planning permission for the 170,000 square foot office building was approved in March 2016, less than six months after the submission was submitted to Dublin City Council.
In a statement Savills said: “The speed at which planning approval was achieved is seen by many in the property industry as evidence that the designation of the area as a Strategic Development Zone (SDZ) has worked.
An SDZ enables the fast track delivery of new residential and non-residential development in locations of strategic importance in the greater Dublin area.
Mark Smyth of CBRE said there have been “numerous enquiries from both local and international office occupiers” about letting space in the building.
The Point Square, formerly the Point Village, is one of only a handful of locations where taller buildings are permitted in Dublin. Yahoo’s Europe, Middle East and Africa headquarters is based there, as are The 3Arena and The Gibson Hotel.
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